Investors argue that the agency rushed the release with the explicit intent to combat crypto’s success following Super Bowl ads aimed at promoting digital currency.
June 02, 2022 at 06:03 PM
5 minute read
Calling a recent Department of Labor promise to investigate retirement plans with positions in cryptocurrency “mandate[d] paternalism,” a Delaware-based investment firm sued to block future agency action.
The suit stems from a March agency release following a cryptocurrency-related executive order from President Joe Biden.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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U.S. Department of Labor building in Washington, D.C, on January 12, 2022. Photo: Diego M. Radzinschi/ALM
